Problem 16-11
Cash Conversion Cycle
Negus Enterprises has an inventory conversion period of 70 days, an average collection period of 48 days, and a payables deferral period of 38 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations.
Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 70 da...
Problem 16-11 Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 58 days, an average collection period of 37 days, and a payables deferral period of 31 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations. What is the length of the firm's cash conversion cycle? days If Negus's annual sales are $3,123,300 and all sales are on credit, what is the firm's investment in accounts receivable? Round...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 73 days, an average collection period of 40 days, and a payables deferral period of 37 days. Assume that cost of goods sold is 80% of sales. Assume 365 days in year for your calculations. 1. What is the length of the firm's cash conversion cycle? days 2. If Negus's annual sales are $3,437,675 and all sales are on credit, what is the firm's investment in accounts receivable? Round...
Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 72 days, an average collection period of 48 days, and a payables deferral period of 24 days. Assume that cost of goods sold is 80% of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest whole number. days b. If annual sales are $4,818,000 and all sales are on credit, what...
ack to Assignment Attempts: Keep the Highest: /3 4. Problem 21-11 (Cash Conversion Cycle) eBook Cash Conversion Cycle Negus Enterprises has an inventory conversion period of 70 days, an average collection period of 40 days, and a payables deferral period of 29 days. Assume that cost of goods sold is 80 % of sales. Assume a 365-day year. Do not round intermediate calculations. a. What is the length of the firm's cash conversion cycle? Round your answer to the nearest...
Zane Corporation has an inventory conversion period of 69 days, an average collection period of 43 days, and a payables deferral period of 23 days. Assume 365 days in year for your calculations. What is the length of the cash conversion cycle? Round your answer to two decimal places. days If Zane's annual sales are $2,181,245 and all sales are on credit, what is the investment in accounts receivable? Do not round intermediate calculations. Round your answer to the nearest...
Zane Corporation has an inventory conversion period of 83 days, an average collection period of 33 days, and a payables deferral period of 40 days. Assume 365 days in year for your calculations. a. What is the length of the cash conversion cycle? Round your answer to two decimal places. 76 days b. If Zane's annual sales are $4,278,570 and all sales are on credit, what is the investment in accounts receivable? Round your answer to the nearest cent. Do...
Romano Inc. has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 38 days Average collection period = 19 days Payables deferral period = 20 days Answer 33 days 37 days 41 days 45 days 49 days
13. Romano Inc. has the following data. What is the firm's cash conversion cycle? Inventory Conversion Period= Receivables Collection Period = Payables Deferral Period = 38 days 19 days 38 days
Brothers Breads has the following data. What is the firm's cash conversion cycle? Inventory conversion period = 50 days Average collection period = 17 days Payables deferral period = 25 days a. 31 days b. 34 days c. 38 days d. 42 days e. 46 days
CASH CONVERSION CYCLE Chastain Corporation is trying to determine the effect of its inventory turnover ratio and days sales outstanding (DSO) on its cash conversion cycle. Chastain's 2016 sales (all on credit) were $183,000; its cost of goods sold is 80% of sales, and it earned a net profit of 4%, or $7,320. It turned over its inventory 4 times during the year, and its DSO was 39 days. The firm had fixed assets totaling $34,000. Chastain's payables deferral period...